Document library

GN1: Actuaries and long-term insurance business. Version 1.5 [1985-1986]

This life insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. Faculty and Institute ... read more >>

GN8: Additional guidance notes for appointed actuaries. Version 1.2 (1985-1986)

This life insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href="http://www.frc.org.uk/bas/actuarial/index.cfm">BAS website</a>. Faculty and Institute of ... read more >>

GN7: The relationship between the appointed actuary and the auditor of a company transacting long-term insurance business. Version 1.2 [1985-1986]

This life insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. Faculty and Institute ... read more >>

Memorandum on Professional Conduct (MPC). Version 3.1 [1985-1986]

Faculty and Institute of Actuaries Memorandum on Professional Conduct MPC 3.1 [1985-96] MEMORANDUM ON PROFESSIONAL CONDUCT AND PRACTICE* GENERAL 1. The Institute of Actuaries is a professional body operating under a Royal Charter. It has an obligation in ... read more >>

The birth of a pension scheme. A history of the Universities Superannuation Scheme, by Sir Douglas Logan (Book review)

REVIEW The Birth of a Pension Scheme. A History of the Universities Superannuation Scheme. BY SIR DOUGLAS LOGAN. (Liverpool University Press) The Universities Superannuation Scheme (U.S.S.) was set up in 1975 to replace the Federated Superannuation ... read more >>

Articles, papers and publications of actuarial interest

ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST POPULATION 1983, 1 VALLIN, J. Tendances récentes de la mortalité francaise. (Recent Trends in French Mortality.) The publication of the French life tables for the period 1973-77 provides an ... read more >>

Articles, papers and publications of actuarial interest

ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST ACTUARIAL TABLES WITH EXPLANATORY NOTES FOR USE IN PERSONAL INJURY AND FATAL ACCIDENT CASES(HMSO £3.15) This publication has been prepared by an Interprofessional Working Party consisting of ... read more >>

Articles, papers and publications of actuarial interest

NOTES ON OTHER ACTUARIAL JOURNALS BY J . HAMILTON-JONES, M.A., F.I.A., F. W. ESCHRICH, F.I.A., J . A. MANSOOR, B.COM., F.I.A. AND T. GRIMES, B.Sc., F.I.A. FRANCE Bulletin Trimestriel de I’Institut des Actuaires Français, 84, 1973 BÉBÉAR, C. ... read more >>

Articles, papers and publications of actuarial interest

NOTES ON OTHER ACTUARIAL JOURNALS BY J . HAMILTON-JONES, M.A., F.I.A., F. W. ESCHRICH, F.I.A., J . A. MANSOOR, B.COM., F.I.A. AND T. GRIMES, B.Sc., F.I.A. FRANCE Bulletin Trimestriel de I’Institut des Actuaires Français, 84, 1973 BÉBÉAR, C. ... read more >>

Synopses of papers presented, 1982-1983

SYNOPSES Copies of the following papers can be borrowedfrom the Institute Library. They are also available from the Institute or direct from the author(s) whilst stocks from the original printing remain. MODELLING THE GILT EDGED MARKET BY G. B. CHAPLIN, ... read more >>

The indexation of capital gains

87 REPORTS OP ASSURANCE COMPANIES. In presenting to the readers of the Assurance Magazine the following condensed Reports of the various Assurance Companies, which have already appeared in the Post Magazine and other Public Journals, our only object has ... read more >>

An approach to the study of multiple state models

The purpose of the present paper is to put forward an alternative approach to multiple state models. This approach uses the forces of transition, or transition intensities, between states as the fundamental quantities of the model. For brevity we shall ... read more >>

Reviews

REVIEWS Introductory Statistics with Applications in General Insurance. By I. B. HOSSACK, J. H. POLLARD & B. ZEHNWIRTH The first six chapters outline general statistical methodology which is similar to the reading material for the A5 examination. ... read more >>

Generalized annuities and assurance, and their inter-relationships

By the definition of generalized assurances and annuities, the relation [formula] is shown to be the simplest member of a family of relations in which the present value of the capital and interest repayments is equated to the original amount of a loan. ... read more >>

The new contracting-out terms

THE NEW CONTRACTING-OUT TERMS BY S. A. FOX & A. R. HEWITT (A paper presented to the Society on 18 January 1983) 1. INTRODUCTION 1.1 THIS paper looks at the new financial terms for contracting-out which will operate during the 5 years commencing 6 ... read more >>

On the calculation of "real" investment returns

The Joint Investment and Index Committee of the Institute of Actuaries and the Faculty of Actuaries has asked me to prepare this note in order to explain the details of how real yields should be calculated, and what assumptions need to be made and stated. ... read more >>

Motor insurance rating, an actuarial approach

This paper is largely based on a PhD thesis (Coutts (1983)) and provides an actuarial approach to the technical aspects of motor insurance premium rating, where equal weights are given to both the practical and statistical elements of the problem. The ... read more >>

M E M O I R ANDREW HERRICK ROWELL SIR ANDREW HERRICK ROWELL died on 27 August 1973 in his 84th year. To members of the Institute one tribute overshadows all the rest. He was our Centenary President. It was in June 1948 that the bonds of friendship ... read more >>

Notes on the Transactions of the Faculty of Actuaries

NOTES ON THE TRANSACTIONS OF THE FACULTY OF ACTUARIES 38,4 (No. 265) 1983 MCLEISH, D. J. D. A Financial Framework for Pension Funds. (A paper read in conjunction with EXD2 which was discussed at the Institute on 28 February 1983: see J.I.A. 110, ... read more >>

Economies of scale in the management of occupational superannuation schemes

The level of benefits paid to members of occupational superannuation schemes will depend on the level of contributions made by the employer and employee, the investment earnings received by the accumulated assets and the expenses incurred in the management ... read more >>